Timmins Newspaper Index

Porcupine Advance, 20 Feb 1930, Section 1, p. 8, 1, p. 4

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J u8 FREDERICK H. ECKE A chart of the market price averages of leading stocks for twenty years shows an irregular line that rises and dips, someâ€" times vertically, with "peaks and valleys . There are no "depressions in the investment values of life insurance policies. They do not fluctuate with â€" business cycles. WNERS of life insurance have had occasion recently to compare the stability of this form of investment with that of even the highest grade secunties. â€" o This Company is a mutual organization. It has no stock and no stockholders. All of its assets are held for its Policyholders. 2,233 per day, Claims Paid. 20,674 per day, Policies Issued and Revived. $11,137,296 per day in Amount of Life Insurance Issued, Revived and Increased. $2,026,.714 per day in Payments to> Policyholders and Addition to Reserve. $1,905,881 per day in New Investments. $1,039,881 per day in Increase of Assets. President Daily Averages in 1929 Assets . . Liabilities: An Investment that does not fluctuate in value â€" Statutory Reserve $2,625,110,967.00 Dividends to Policyâ€" holders _ payable 1930 82,264,508.86 All other liabilities _ 125,743,543.37 Unassigned Funds . |77.44|,O32._!5_ Financial Report to Policyholders for Year Ending December 31, 1929 xink $3,010,560,051.38 Canadian Head Office::s O TTA W A $3,010,560,051.38 Life Insurance THE PORCUPINE ADPVANCE, TIMMINS, ONTARIO Third Viceâ€"President and Manager for Canada Business issued in Canada in 1929..... (Includes business revived and inrrea ed) Ordinary. . ... $121,831,635 .: 82,838,381 27,654,950 Business in force in Canada at end of 1929 s o o s N P es e is ie ie s s se 499,689,064 Industrial ... .:s.. ... _ Group........ ths 62,768,999 Investments in Canada................ Dominion Government M .. 43,454,133 Provincial and Muniâ€" cipal Bonds......... 77,551,547 All other Investments _ _ 68,294,757 Policies in force in Canada............ Payments to Canadian Policyholders in 1929 52 .msR P . d oade. qi n k . se $232,324,966 947,927,397 129,300,437 2,739,358 15,967,379 The Mefimpoi itan w ieads« Gain in incomeé, 1929 . , . .. Paidâ€"for Life Insurance Issued, Increased and Revived in 1929 . Total Bonuses and Dividends to Increase in Assets during 1929 Income in 1929 ;. : ;. ; ... se us on s w0 t uh as c o no reventatees : ..____,,L Policyholders from 1897 to and including 1930. ... . . 2:... CANADIAN HEAD OFFICE: OTTAWA ROM year to year, the 44 million Metropolitan Life Insurance policies show a steady increase in values to policyholders. 3,374,600,626.00 $315,084,085.74 818,682,519.99 75,270,134.78 529,705,988.65 payable weekly or monthly) . . 6,729,181,723.00 CGroup Insurance . .; ... . ... 2,555,416,300.00 Total Insurance Outstanding . . 17,933,600,452.00 Number of Policies in Force . . . 44,333,332 (Including 1,442,240 Group Certificates) Accident and Health Insurance Outstanding Principal Sum Benefit . . . . . $1,190,131,574.00 Weekly Indemanity . . . . . . 13,928,139.00 Ordinary Insurance . . . .â€"=~. . $8,649,002,429.00 Industrial Insurance (premiums ; payable weekly or monthly) . . 6,729,181,723.00 CGroup Insurance . .;.. ... . .. , 2,555,416,300.00 Total Insurance Outstanding . . 17,933,600,452.00 Number of Policies in Force . . . 44,333,332 The man who regularly invests part of his earnings in life insurance can go to sleep each night with the knowledge that he is building an estate of the greatest security and with a sure investment return for every dollar paid in. | ife insurance is an investâ€" ment whose value constantly increases the longer it is kept in force. Year 1879 1889 1899 1909 1919 1929 Life Insurance Outstanding Growth in Tenâ€"Year Periods (Position at End of Year) Policies Insurance in Force Outstanding 12,823 $11,666,967 $ 1,852,432 204,816,521 4,980,704 800,531,009 3 10,621,679 2,041,951,700 2] 21,914,120 5,343,652,434 86 44.333;:332 3.01 Viceâ€"President and General Counsel $2,022,482.45 8,597,468.77 51,070,840.74 277,107,868.46 864,750,023.88 3,010,560,051.38 Home Office Thursday, Feb. 20th, 1930 Assets

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